Business terms and jargon explained. Your business dictionary

What is Shrinkage

This is loss of goods through shoplifting and other types of stealing within a business. This should be a very small amount and management strives to reduce this to zero. In some industry e.g. retail, it is realistic in large operations to cater for a very small percentage.

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Term created / updated 2006-11-01 23:40:30

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